SBI Raises USD 500 Million Social Loan to Back Women
Why in the news
State Bank of India arranged a large syndicated facility earmarked for women-led growth.
Key facts
- Size: USD 500 million.
- Type: syndicated social loan.
- Borrower: State Bank of India (SBI).
- Arranger: Mitsubishi UFJ Financial Group (MUFG), as mandated lead arranger and loan coordinator.
- Global goal supported: SDG 5 (gender equality).
Where the money goes
- MSMEs
- Self-Help Groups
- Women-focused livelihood initiatives
Exam angle
- Loan type: social loan, tied to a social outcome.
- SDG linked: Goal 5.
- Lead arranger: MUFG.